Gross value added at basic prices (GVA) in World
World: Gross value added at basic prices (GVA) was 97.78 trillion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in World, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
World recorded 97.78 trillion current US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.5% on the previous year and up 29.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in World peaked at 97.78 trillion current US$ in 2024 and was at its lowest, 3.34 trillion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.50 trillion current US$ | 3.34 trillion current US$ | 11.07 trillion current US$ | 10 |
| 1980s | 15.68 trillion current US$ | 12.42 trillion current US$ | 22.24 trillion current US$ | 10 |
| 1990s | 30.82 trillion current US$ | 24.91 trillion current US$ | 35.06 trillion current US$ | 10 |
| 2000s | 48.64 trillion current US$ | 35.85 trillion current US$ | 64.94 trillion current US$ | 10 |
| 2010s | 73.80 trillion current US$ | 65.79 trillion current US$ | 80.75 trillion current US$ | 10 |
| 2020s | 89.48 trillion current US$ | 77.74 trillion current US$ | 97.78 trillion current US$ | 5 |
More economy & growth data for World
- Final consumption expenditure 70.92 trillion constant 2015 US$ (2024)
- Manufacturing, value added 14.9% (2025)
- Manufacturing, value added 17.60 trillion current US$ (2025)
- Households and NPISHs final consumption expenditure 56.6% (2024)
- Final consumption expenditure 81.66 trillion current US$ (2024)
- Gross national expenditure 111.01 trillion current US$ (2024)
- Exports of goods and services 34.89 trillion current US$ (2025)
- Gross national expenditure 96.34 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 2.0% (2024)
- Final consumption expenditure 2.9% (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in World?
- Gross value added at basic prices (gva) in World was 97.78 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in World?
- The highest recorded value was 97.78 trillion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in World?
- The lowest recorded value was 3.34 trillion current US$ in 1970.
- Is gross value added at basic prices (gva) rising or falling in World?
- Over the last ten years it is up 29.7%. The long-run trend across the full record is volatile.
- Where does this World data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.